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20121129
20121207
Search Results 0 to 7 of about 8 (some duplicates have been removed)
, and risk defaulting on its loans early next year. house speaker john boehner today said, quote, we don't have time for the president to continue shifting the goal posts. we need to solve this problem. danielle lee now joins us from capitol hill with more on this story tonight. danielle? >> reporter: jim, good evening. we're just now learning that president obama spoke to house speaker john boehner by phone this afternoon. but we're not hearing of any progress on avoiding the fiscal cliff or on raising the nation's debt ceiling which is currently at $16.4 trillion. there are new concerns about what could happen to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may re newsto raise the country's debt ceiling to get their way on spending cuts and risk defaulting on the country's loans. >> that is a ba
to do with geithner's plan. yesterday, john boehner moved the markets higher. it was joyful talk about a possible deal, but today, it was like a break-up over tax. he went from love to disgust. here he is right after tim geithner put that deal on the table. >> no progress has been made in the talks between the white house and the house over the last two weeks. >> all right. that's pretty grim. stocks lost early games on that news and the day went downhill. harry reid slapped back. >> still waiting for a serious offer from the republicans. >> so, they agree on something. no progress. but then it actually went beyond that. reid got a little personal. >> i don't understand his brain so you should ask him, okay? >> funny, but really not so funny. so what happens when the men in charge start throwing sand in the sand box? we just go over the cliff like some are now suggesting? recall what err skine bowles said two weeks ago. >> i think that's crazy. you know, why would you bet the country? really bet the country by going over this fiscal cliff. >> crazy? betting the country? well, according
? >> reporter: we heard from speaker john boehner who said that treasury secretary geithner did not come with a substantive plan in terms of spending cuts. we know the republicans were hoping when the treasury secretary came here to capitol hill, that he would have laid out some serious spending cuts because the republicans are saying if we're putting revenue on the table, we need to see some serious spending cuts from the white house. i think it's important to note the difference between what is said in public and what is said in private. these meetings are held in private. in public lawmakers are sounding a little tougher. here's the senate majority leader on the senate floor earlier today. >> for four months house republicans have refused to act. instead, they've held the middle class hostage to protect the richest 2% of taxpayers, people who enjoy a decade of ballooning income and shrinking tax bills. >> reporter: so that is the public sentiment from the senate majority leader, blasting the republicans for not passing the tax cuts for the middle class. in private, though, it sounds l
. here is speaker john boehner. >> i'm disappointed in where we are and disappointed in what's happened over the last couple weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> reporter: you had senate republican leader mitch mcconnell say after a meeting with geithner that he considered this is a step backward. and so all the rhetoric, all the talk here on capitol hill sounds pretty pessimistic at this point, guys. bill: we heard a little bit from chris van hollen. what is the latest reaction from democrats to republicans mike? melissa: democrats say if you don't like the president's plan, republicans where is your plan? where exactly are you going to generate more revenue. they're trying to draw the republicans out to put specifics out there in terms of what cuts they want to make to entitlements, feeling like that may hurt republican argument. bottom line, house democratic leader nancy pelosi says she thinks republicans will eventually see the light. melissa: why am i confid
they would achieve. house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley over the net. he this is a camp david-style summit might help things move around. a senate republican told greta van susteren it's time to be honest about retirement benefits. >> you and i need to pay a little more into the system because we can afford it. that is the kind of entitlement reform we need. >> reporter: that gets older americans and their groups all worked up thinking you could be messing with their benefits. jenna: a hot toeupb hot topic, and taxes. it seems they need to have some sort of increase in taxes. how does that play out. >> reporter: the statement from the whit
emanuel has more. reporter: hello, jenna. speaker john boehner says the republicans made a good-faith effort to avert a fiscal crisis. they say essentially this is now time for the president to be getting involved to respond to the republican offering. he claims that the republican offer was balanced, and because republicans cannot just sit there and negotiate with themselves. here's more from the top republican leaders a short time ago. >> i will be here and i will be available at any moment. so, the president and get serious about solving this problem. reporter: they asked the president sit down so we can stop wasteful spending in washington. on the democratic side, there is emphasis that congress should pass the middle-class tax cuts for people earning up to $250,000 per year. to give those people economic certainty. here is more from nancy pelosi making her case. >> i consider what the republicans agree with the tax cut, but that will be a victory for the american people, and that is why we are here. i would hope that would break the fall of the fiscal cliff, which is becomi
Search Results 0 to 7 of about 8 (some duplicates have been removed)